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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Distribution centers
2025 Norse Ave Cudahy, WI 53110-2852
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-1027809
Property summary
AI-generated overview
This exceptional 11,250-square-foot warehouse is available for lease in Cudahy, Wisconsin. Situated on a 1.06-acre lot, this single-tenant property offers ample space for various industrial operations. The building boasts impressive ceiling heights ranging from 13 to 16 feet, providing significant vertical storage capacity. Convenient loading and unloading are facilitated by two dock-high doors and one drive-in door. The property is equipped with robust power, featuring 400 amps of 208V 3-phase power, ensuring sufficient energy for demanding industrial applications. The property is zoned M-1 & PUD, offering flexibility for a range of industrial uses. The property's address is 2025 E Norse Avenue, Cudahy, WI 53110, and its APN is 684-8998-008. The entire 11,250 square feet is currently vacant and ready for immediate occupancy. This warehouse presents a significant opportunity for businesses seeking a well-located, functional, and spacious industrial facility in Milwaukee County.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1987
Construction
METAL FRAME
Total area
11,250 SF
Lot
1.06 ac (45,999 SF)
Zoning code
M-1PUD
APN
684-8998-008
UPID
US92-1027809
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$965k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$696k
Blend (final)
Blend
$770k
Owner & transaction history
Lovejoy Wood LLC · 4 yrs held
Lovejoy Wood LLC
since 2021
Last sale
$750,000
1 recorded transaction
Zoning & alternative use
M-1PUD · Cudahy, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Retail stores
$1.2M
+85.9%
Medical building
$1.2M
+79.5%
Neighborhood: shopping center
$1.0M
+59.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cudahy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cudahy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$950,000
ML approach
$965,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$650,000
Current use
RETAIL STORES
$1,205,000
Change: +86% · Conversion: Moderate
MEDICAL BUILDING
$1,165,000
Change: +79% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,030,000
Change: +59% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,005,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $750k (Aug 20 2021)
Last sale anchor
$750k
Aug 20 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$68 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$14,953
Tax year 2022
Assessed value
$751,000
Assessed 2022
Previous assessed
$276,400
+171.7% YoY
Effective rate
1.99%
On assessed value
Assessed land
$44,900
Assessed improvement
$706,100
Total market value
$773,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1987
Construction
METAL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
11,250 SF
Lot
1.06 ac (45,999 SF)
Zoning code
M-1PUD
APN
684-8998-008
UPID
US92-1027809
Jurisdiction
MILWAUKEE
Zoning & alternative use
M-1PUD · Cudahy, WIZoning M-1PUD · permitted uses
M-1PUD · Cudahy, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$650,000
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.0M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Lovejoy Wood LLC
Entity
Mailing address
5935 S PENNSYLVANIA AVE, CUDAHY, WI 53110-2858
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2021
$750,000
Lovejoy Wood LLC
James F Merkel
Deed
$600,000 · Associated Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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